Total market capital of bitcoin is somewhat around 101,931,068,218 And at the same time fedwire is moving 2 trillion dollars per day. From the stats alone we see that total market capital of bitcoin is reasonable far away from what fedwire is handling on daily basis. With that said it is not entirely impossible for bitcoin to compete with fedwire within few years. Given that growth rate of bitcoin adoption is remaining same or more. More importantly other govt or at least if federal reserve finds out that bitcoin is posing serious threat to their business then situation could get bad sooner than later. However fedwire has nothing to fear about bitcoin at this stage though.
The value of bitcoin which needs to increase to match up with current fedwire is doing on daily basis is huge but bitcoin is known to do wonder all along. One interesting point though by the time bitcoin is near to the 2 trillion per day, how much do you think fedwire will be handling?
That is really an interesting point you have made. Fedwire would definitely not remain stagnant and it is going to keep growing as bitcoin grows apparently. It is very impossible to compete with fedwire not just in few years but so many years from now if we are realistic.
Even if there is a slight chance, it would be a huge fight, but no need to worry about that as the possibility is close to nothing. We can only be optimistic that bitcoin would keep growing but a stage will come it won't be this rapid as we have been experiencing it when the adoption has gotten to a maximum level.